Lotos Kolej to enter WSE

Lotos Kolej, the railway subsidiary of Grupa Lotos will be traded on the Warsaw Stock Exchange, according to a company press release. Lotos expects the company to enter the WSE in the last quarter of the next year. "We are preparing to conduct the WSE debut for the carrier while simultaneously building its strong position in the market," said Paweł Olechniewicz, the president of Grupa Lotos. The exact data on the firm's debut, as well as the type of the offering will depend on "the result of detailed analysis and the situation in the capital markets," the press release also read. Lotos was intending to sell its railway subsidiary, but it has abandoned the idea, stating that it has chosen to invest in its development.